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Parallon / Sarah Cannon PILOT and Job Grant Incentive

Project Overview

Summary of Deal

PILOT - max abatement of $3+m per year. Has carry-forward provision if total bill for site comes in less. Cash grant of $500 per incremental employee for seven years.

Total Estimated Value

$66,250,000

Jobs

  • Added / New Jobs: 1,800
  • Retained Jobs: 200
  • Total Expected Jobs: 2,000
  • Jobs as of 12/31/2016: 1,577

Total Capital Investment

  • $200,000,000